Press Release

Global Tax Transparency Impacts the Way Family Offices Approach Jurisdictions

New York, NY, December 30, 2017 --(PR.com)-- MarketCurrents published its Tax and Jurisdiction’s edition in November, which took a look into how the focus on global tax transparency is impacting the way in which family offices approach choosing jurisdiction’s.

The recent publication of the Paradise Papers in addition to the Panama Papers in 2016 has also shone a spotlight on offshore jurisdictions and tax transparency.

“A multi-jurisdictional approach is often par for the course given the global nature of ultra-high-net worth families, with family members and assets located around the world,” commented Wendy Connett, Editorial Director at MarketCurrents.

Beyond tax efficiency, assessing the types of holding structures available, services and products that are unique to HNW-families, such as specialized insurance and regulatory regimes all play a part when choosing an offshore jurisdiction.

As wealth grows in China, this edition also focuses on how Chinese High Net Worth families are approaching taxes and jurisdictions. It spotlights two popular offshore jurisdictions, Guernsey and the British Virgin Islands.

“We have terrific insights from senior executives and family offices in different parts of the world on how important issues around tax and jurisdictions are being considered. With several factors at play including Brexit, tax changes in the US and the biggest wealth transfer about to take place, we have addressed these significant areas in this report. This should provide family offices a solid framework for what to expect,” says Sumehr Sondhi, MD at MarketCurrents.